'The real message from the UN Intergovernmental Panel on Climate Change (IPCC) is that capitalism has caused the deadly global warming crisis and is incapable of solving it', John Foster told the Communist Party's political committee on Wednesday evening.

Pointing out that burning oil and gas accounts for 50 per cent of global carbon emissions, he said the big corporations showed no intention of helping reach the Paris Agreement targets to limit global warming to 2°C, let alone 1.5°C.